Gross Margin % is calculated as gross profit divided by its revenue. Yamaha's Gross Profit for the
three
months ended in Sep. 2024 was 円46,044 Mil. Yamaha's Revenue for the
three
months ended in Sep. 2024 was 円115,988 Mil. Therefore, Yamaha's Gross Margin % for the quarter that ended in Sep. 2024 was 39.70%.
Warning Sign:
Yamaha Corp gross margin has been in long-term decline. The average rate of decline per year is -2.2%.
The historical rank and industry rank for Yamaha's Gross Margin % or its related term are showing as below:
TSE:7951'
s Gross Margin % Range Over the Past 10 Years
Min: 36.96 Med: 39.05 Max: 41.21
Current: 38.17
During the past 13 years, the highestGross Margin % of Yamaha was 41.21%. The lowest was 36.96%. And the median was 39.05%.
TSE:7951's Gross Margin % is ranked worse than 59.45% of 767
companies
in the Travel & Leisure industry
Industry Median: 43.66
vs TSE:7951: 38.17
Yamaha had a gross margin of 39.70% for the quarter that ended in Sep. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Yamaha was -2.20% per year.
Yamaha Gross Margin % Historical Data
The historical data trend for Yamaha's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Leisure subindustry, Yamaha's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Yamaha's Gross Margin % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Yamaha's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Yamaha's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Yamaha (TSE:7951) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Yamaha had a gross margin of 39.70% for the quarter that ended in Sep. 2024 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Yamaha Gross Margin % Related Terms
Thank you for viewing the detailed overview of Yamaha's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Yamaha is a Japanese manufacturer of musical instruments and audio equipment. The company organises itself into four segments, based on product type: musical instruments, audio equipment, electronic devices, and other. Sales in the musical instruments and audio equipment segments constitute the vast majority of consolidated revenue. The musical instruments segment, which contributes more than half of company revenue, includes pianos, wind, string, percussion, and digital music instruments, and music schools. Audio equipment includes AV receivers, amplifiers, speakers, commercial karaoke equipment, and conference systems. The company derives around a third of its revenue domestically, with North America, Europe, and China the next most significant geographies.
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